For 4 Years Running, STACK Construction Technologies Is Named to the Inc. 5000 List of Fastest Growing US Companies
CINCINNATI, Aug. 24, 2020 /PRNewswire-PRWeb/ -- Inc. magazine recently revealed that STACK Construction Technologies [STACK], provider of the industry's leading cloud-based takeoff and estimating platform for preconstruction professionals, is #2428 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. This recognition marks the fourth time STACK has been honored for its accelerated growth.
"We are honored to be recognized for our fourth consecutive year as one of the nation's fastest-growing private companies," said Phil Ogilby, Founder and CEO at STACK. "We're thrilled to join this outstanding list of successful businesses, and we truly couldn't do it without the dedication of our amazing team and the support of our incredible construction customers. The cumulative growth of all honorees is phenomenal, especially in today's climate, and it's a privilege to be counted among these extraordinary leaders and entrepreneurs."
Today's construction market is more competitive than ever, and a strategic approach to bidding is essential. STACK software helps users to streamline their preconstruction process by reshaping it - from one that's risk-prone and disconnected to one that's efficient, accurate and collaborative. By enabling teams to be proactive, the STACK platform transforms workflows.
"STACK's growth is directly related to the value we drive for the general contractors, subcontractors, suppliers and manufacturers we support," Ogilby added. "We are revolutionizing the way preconstruction teams do their jobs."
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results for STACK and all members of the 2020 Inc. 5000 list, can be found at http://www.inc.com/inc5000/2020.
About STACK Construction Technologies
STACK Construction Technologies is the industry's leading cloud-based software solution for preconstruction professionals. It provides a centralized hub where plans, specs and other construction documents can be stored, evaluated, measured and shared with internal and external project stakeholders. Founded and headquartered in Cincinnati, OH, STACK delivers intuitive and innovative software for thousands of subcontractors, general contractors, suppliers and manufacturers to ultimately improve the project's outcome and profitability. STACK's solution powers seamless plan and document management, real-time team collaboration and a more efficient digital takeoff and estimating process. For more information or to see how STACK software is helping preconstruction teams to gain visibility, insight and alignment throughout the bid process, visit http://www.stackct.com.
More about Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
SOURCE STACK Construction Technologies
